Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of American Axle & Manufacturing Holdings Inc (NYSE: AXL) was $5.88 for the day, up 0.51% from the previous closing price of $5.85. In other words, the price has increased by $0.51 from its previous closing price. On the day, 2.39 million shares were traded.
Ratios:
Our analysis of AXL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 5.01 whereas as Long-Term Debt/Eq ratio is at 4.87.
On February 28, 2024, UBS Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $7.
UBS Downgraded its Neutral to Sell on January 17, 2024, whereas the target price for the stock was revised from $8 to $6.50.
Valuation Measures:
As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.45, and their Forward P/E ratio for the next fiscal year is 10.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 1.23.
Stock Price History:
Over the past 52 weeks, AXL has reached a high of $8.20, while it has fallen to a 52-week low of $4.70. The 50-Day Moving Average of the stock is 2.30%, while the 200-Day Moving Average is calculated to be -8.75%.
Shares Statistics:
A total of 117.60M shares are outstanding, with a floating share count of 110.17M. Insiders hold about 6.30% of the company’s shares, while institutions hold 100.29% stake in the company.
